The Chapel Hill Alliance for a Livable Town continues to voice our concern that the Town’s redevelopment policies are causing us to lose our treasured small merchants. When the Town rezones land to allow more density it increases the underlying tax value of the land. The owners pass the increased taxes on to their tenants. For example, immediately after the Town’s approval of the Ephesus Fordham district, rents were raised and merchants started leaving. Here are the changes we’ve recorded so far.
Eastgate BP closing
The Swell Doll Shop closed
Hair for You closed
Eastgate Hair Styling closed
Butternut Squash closed
Yarns, Etc.** forced to move
Eastgate Barber forced to move
Oriental Taylor forced to move
Womancraft forced to move
Cameron’s* forced to move
Deep Dish Theater* forced to move due to rising rents
Plaza Dry Cleaners forced to lay off employees – new owner is outsourcing
Childrens’ Store from U Mall to Village Plaza near Red Lotus
* Note: The town did not recently rezone University Mall which is not part of the Ephesus Fordham District. However, town staff at the direction of the Council has worked with the mall owners to redefine areas within the property previously affected by the town’s Resource Conservation District, thus opening up this low lying flood plain to redevelopment.
** Candidate David Schwartz helped owner find a new space